The well was characterised as a dry well and has been plugged and abandoned.
The licence group comprises OMV (operator, 30% WI), Aker BP ASA (20% WI), Pandion Energy AS (20% WI), DNO Norge AS (20% WI*), and OKEA (10% WI*).
*Reference is made to OKEA's announcement on 19 December 2024 of the agreement entered into with DNO Norge AS ("DNO") to swap a 10% working interest ("WI") in PL1119 containing the Mistral prospect, for a 10% WI in PL1109 containing the Horatio prospect. Effective date of the transaction is 1 January 2025.